#CryptoFees101

🔍 | Your Guide to Understanding Cryptocurrency Fees

When trading or transferring cryptocurrencies, fees play a significant role in reducing or increasing your profits. Here are the basic types:

💱 Trading Fees:

Charged by platforms like Binance or Coinbase, and divided into:

Maker Fee: for the user who adds liquidity (places a pending order).

Taker Fee: for the user who removes liquidity (takes an existing order).

🔗 Network Fees:

Paid to miners or validators for executing the transaction on the blockchain (like gas fees in Ethereum ⛽️).

💳 Withdrawal Fees:

Charged when transferring currencies from the platform to your personal wallet.

🎯 Tip:

Use cheaper networks like Tron or Solana to reduce transfer fees, and always check the fee schedule of the platform.